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August 2019 Archives

Avoiding Chapter 7 through debt reduction

Financial literacy can be a challenging topic for many Americans, particularly as it pertains to credit card use. American society is built on credit, and the resulting debt load can weigh heavily on Connecticut residents. However, the key to lowering debt and avoiding the need for a Chapter 7 bankruptcy filing is to understand how credit cards work, and how best to mitigate the debt they generate. 

Club members hoping to avoid asset forfeiture

There are many private resort clubs in Connecticut. Depending on various factors, such clubs may enjoy high levels of profitably or may be financially struggling to stay afloat at any given time. Club members of a private ski resort in another New England state can relate to the latter, as they are currently hoping a quick sale of their resort will help them avoid asset forfeiture.